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Didn't read the article (paywall) but I have to agree with your sentiment. I constantly hear people talking about a recession for no reason other than 'we're du
by ezzzzz 7y ago
Didn't read the article (paywall) but I have to agree with your sentiment. I constantly hear people talking about a recession for no reason other than 'we're due'. To me, some of these indicators (layoffs, less consumption of luxury goods) just read as the new normal. The folks mentioned have likely been dealing with the same uncertainty since the fallout of 2008. In the US, worker's rights have been decimated by laws like Right-to-work. Every corporation works to keep the dividends flowing to shareholders while the lower and lower-middle class bleed. How hard is it to grok that the working class ARE the economy. Consumption and growth will always be stifled as long as capital is kept from those who actually spend it.
- briandear 7y agoHow does right-to-work “decimate” anything? How does it “protect” my rights when I would be forced to join a union and pay dues just to get a job? That’s ridiculous. Perhaps people should be forced to join a church? Just as crazy right? I should not have to join or pay an organization in order to get a job. That’s extortion. Unions aren’t banned in right to work states — workers just have the freedom to decide if they want to join those organizations. How is freedom of choice a bad thing? You would force people into unions? Isn’t that totalitarianism? Why would I want my wages collectively bargained anyway? I am far above average in my particular field, why would I want to be paid at the average? The only workers unions benefit are the below average workers. They necessarily harm the top to “help” the bottom. Aren’t unions the ones that created rubber rooms? Aren’t they the reason it costs so much to get any public infrastructure built in union states? Join a union if you want. That’s what is great about America, there is still (barely) a thing called freedom. However it’s fading fast with socialist/communist/leftist/totalitarian ideology catching on among people that are too young to remember Eastern Europe and the Soviet Union in the 1970s or who ignore Venezuela now or are under the impression that Sweden is a socialist success story. [1] [1] https://reason.com/video/stossel-sweden-not-a-socialist-success/ https://reason.com/video/stossel-sweden-not-a-socialist-succ...
- deftnerd 7y agoEven if your expertise in your fields results in you making 30% more than your peers, collective bargaining raises the base level. It sets a regional wage for a category of work that makes up the baseline pay for all other workers in that category in that region, you included. Without it, wages become a race to the bottom with companies all attempting to compete with each other on hiring workers for the lowest cost rather than the highest dependability.
- madengr 7y agoFully agree. The funny thing is that unions are now agreeing to two-tier wage structures, selling out the new hires to protect the seniors.